This neighborhood specialty retailer is a two-time national award winner and is well-known in the area for its unique products and community involvement. Shoppers know they can rely on them for things they can’t find elsewhere. The store has been savvy in using social media to introduce new products, promote events, and generate excitement among its customers. The business has faced some stiff competition in the last few years as new and larger retailers have moved into the local market. The store needs a passionate, energized owner who can capitalize on its rich history and well-loved brand. The desired retirement of the owner offers a unique opportunity to take a fully-equipped and well-staffed operation with an excellent clientele, solid traffic, and bright future opportunities, to the next level of success. A new owner could capitalize on some new programs the store has begun offering, and there are additional opportunities to add new revenue streams and offer their upscale clientele more reasons to shop at the store.
Through related entities, the seller owns the real estate out of which the store operates, as well as and adjacent property, part of which is rented out and part of which serves as a quasi-office for the owner. Both buildings are also being offered for sale for an additional $1,050,000, but a buyer does not necessarily need to purchase the property to buy the store operations. Business asking price includes FF&E and leasehold improvements valued at $580,000.
This proposed sale offers a savvy buyer a once in a lifetime opportunity to own one of the West’s most acclaimed niche retailers.
Asking Price $750,000
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